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Iota Foundation FY2022 filing

Tax-deductible

Petaluma, CA501(c)(3)EducationEIN 20-1194576

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The Iota foundation's mission is to (a) support the educational and charitable programs and activities of the Iota chapter of zeta psi fraternity (the "fraternity") at the university of california, berkeley (berkeley); (b) promote and further academic excellence at berkeley; (c) provide academic scholarships and support to qualified needy and deserving individuals; (d) conduct and support the charitable and other community service programs and projects of the fraternity and berkeley; and (e) performing such other activities as are consistent with its exempt purposes.

501(c)(3) charity; gifts are tax-deductible.
87¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 4
filings with a surplus
Average surplus $13K a year · 24% of revenue · last 4 filings
Looks good: a surplus in 4 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
87%
of spending
Looks good: 87% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
6 mo
of spending, in cash
Looks good: 5.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $12K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$27K
-35% vs prior year
Spent
$23K
To programs
87%
Net assets
$440K
By yearFY2021–FY2025
Revenue
$27K
FY2022▼ -35%
Revenue by fiscal year
FY2021$41K
FY2022$27K
FY2023−$540
FY2024$133K
FY2025$21K
Expenses
$23K
FY2022▲ ×13
Expenses by fiscal year
FY2021$2K
FY2022$23K
FY2023Not on file
FY2024$125K
FY2025$19K
Net assets
$440K
FY2022▲ +0.7%
Net assets by fiscal year
FY2021$437K
FY2022$440K
FY2023$402K
FY2024$410K
FY2025$412K

From the FY2022 Form 990 · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 2009.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

87 cents of each dollar spent went to programs.

Program services 87% · $20K Management & general 13% · $3K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

8 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Ray Pounds
Treasurer
$0Pt VII · Sec A
Sam Skinner
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Matt Tunney
President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Iota Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Supports educational programs, scholarships, and community service for students at UC Berkeley.

Provided by the organization

This section is blank until Iota Foundation claims this page.

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1 program service account for $20K of program spending, described in the organization's own filed words · FY2022.
01

Support of the zeta psi fraternity at the university of california, berkeley

$20Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Barbara and Tom Witter FoundationFY2024$12K
Total grants receivedfrom 1 funder$12K
Grants paid · 3 grants · $118K · 2022–2024
Zeta Psi Fraternity of North AmericaCA · FY2024$91,234
Unitemized GrantFY2024$9,000
Unitemized GrantFY2022$18,000

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$27K
Ln 12
Gifts and grantsLn 1h$26K
Investment incomeLn 3$14K
Other incomeLn 4–11$827
Money outPt IX
$23K
Ln 25
Programscol B$20K
Managementcol C$3K
Owns and owesPt X
$440K
net assets · Ln 32
Cash and savingsLn 1–2$11K
Total assetsLn 16$440K
LiabilitiesLn 26$0
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$26K
Fundraising eventsLn 1c$15K
Investment incomeLn 3$14K
Other incomeLn 4–11$827
Gains on assetsLn 7−$15K
Total revenueLn 12$27K
Assets in detailPt X, end of year
CashLn 1$11K
Cash and savings togetherLn 1–2$11K
InvestmentsLn 11–13$334K
Total assetsLn 16$440K
LiabilitiesLn 26$0
Net assetsLn 32$440K
OperationsPt I, VI
EmployeesI 50
VolunteersI 66
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$7K$11K
InvestmentsLn 11–13$335K$334K
Total assetsLn 16$437K$440K
LiabilitiesLn 26$0$0
Net assetsLn 32$437K$440K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$18K$18K
Accounting feesLn 11c$3K$3K
Office expensesLn 13$103$103
Information technologyLn 14$777$777
Other expenses (24a–d)Ln 24$2K$2K
Total functional expensesLn 25$23K$20K$3K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $21K$19K$2K$412K 990 PDF
FY2024 $133K$125K$8K$410K 990 PDF
FY2023 −$540$402K 990 PDF
FY2022 Viewing $27K$23K$3K$440K 990 PDF
FY2021 $41K$2K$39K$437K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (4 parts)
Part VIII · Statement of revenue $26,564 across 7 lines filed
VIII-1c Fundraising events$14,575
VIII-1f All other contributions, gifts and grants$11,162
VIII-1h Total contributions, gifts and grants$25,737
VIII-3 Investment incomeExcluded from tax $14,333$14,333
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$14,583−$14,583
VIII-8 Net income from fundraising eventsExcluded from tax $1,077$1,077
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $827$26,564
Part IX · Statement of functional expenses $23,355 across 5 lines filed
IX-2 Grants to domestic individualsPrograms $18,000$18,000
IX-11c Accounting feesManagement $2,884$2,884
IX-13 Office expensesManagement $103$103
IX-14 Information technologyPrograms $777$777
IX-24 Other expenses (24a–d)Programs $1,591$1,591
IX-25 Total functional expensesPrograms $20,368 · Management $2,987 · Fundraising $0$23,355
Part X · Balance sheet $440,375 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $7,192$10,729
X-4 Accounts receivableStart of year $95,250$95,250
X-11 Publicly traded securitiesStart of year $334,724$334,396
X-16 Total assetsStart of year $437,166$440,375
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $437,166$440,375
X-32 Total net assets or fund balancesStart of year $437,166$440,375
X-33 Total liabilities and net assetsStart of year $437,166$440,375
Part XI · Reconciliation of net assets $440,375 net assets at year end
XI-1 Total revenue$26,564
XI-2 Total expenses$23,355
XI-3 Revenue less expenses$3,209
XI-4 Net assets at start of year$437,166
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$440,375

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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